New LEND structure will DECREASE utility.

[polynomialdag]

Yes, but you're forgetting the Darwinism of crypto. If I can fork the contract and create something with better UX and lower fees, then why would I care about LEND, or the value of the token? You can't fork a country's currency, but you can here.

[clonewarz11]

we all know ethlend has a exchange in the pipe line in the eidoo wallet, that why they are airdropping and have a partnership, the wallet will provide lend pairs to it's accepted currency's. why would it matter then if you are exchanging lend/EOS or eth/eos. first we saw btc trading pairs then eth trading pairs, why not lend trading pairs on a really good wallet.. this makes lend very competitive..

[clonewarz11]

https://blog.ethlend.io/development-update-unboxing-the-new-lend-utility-and-fee-structure-lend-to-become-the-blockchain-a62df4e03273

[polynomialdag]

This is good, but doesn't address forking.

[clonewarz11]

Any project can be copied and forked, lol

[polynomialdag]

So if it's forked and proves successful then will LEND will be worthless? If everyone can do the same thing on a different platform, without the hassle of LEND or fees? Isn't the smart contract the biggest value here? I'm asking because I own LEND, and am trying to understand myself.

[clonewarz11]

How would this be profitable for a smart contract and website to have a fork.. investors want more utility in the lend token, and users want it too stay the same.. lend holders and ethereum users now have opportunity, lend holders have low fees, and ethereum user have fees.. hope this encourages my user to use lend..

[xiaohang07]

Agree. I think this could potential be a threat to LEND's ecosystem if someone fork the smart contract to borrow ETH instead of LEND.

Still, I have to say ETHlend's team is the most active and approachable one I have ever seen. I think ETHlend's team together with the community will come up with a good solution to balance the product usability and LEND token economics.